@longcastadviser @cdolan92 Notable none of the big 3 holders were on the call again
English
Madd L’Conkey
450 posts
Madd L’Conkey
@_lf29
L Ron Hubbard of the cupboard
Town 'n' Country, FL Katılım Haziran 2016
394 Takip Edilen133 Takipçiler
@cdolan92 it's beyond me. don't normally see an $81M carrying amount in goodwill and a $25M market cap. can't figure how they've avoided an impairment. would be a non-cash charge anyway but just surprised. Appreciate the seq improvement ...
English
i wonder if this is the quarter $QRHC finally writes down its goodwill?
English
@researchne89461 @roojoo3 Some one time items dragging down EBITDA with a rev beat… crazy how these only came up in the last two quarters
English
Q1,26 results tomorrow...... "Given the Take-Private Proposal, the Company will not host a conference call to discuss first quarter 2026 results" $DSGR DSGR
ShowMeTheIncentives@researchne89461
$DSGR just got a take-private offer from its majority owner, LKCM for $29.50 after a very “conveniently” messy Q4. Freshly upsized credit facility in Dec. Thin float. Possible bump… or a lesson in controlled-company risk ? open.substack.com/pub/showmethei…
English
@eafcJagrat @BoltsJolts This is a lame excuse but does everyone have the same sickness as Paul? This is awful to watch, feels like they gave up 30 mins ago
English
@BoltsJolts Whole team. Genuinely I think only geuntzel is having a decent game. Not a single player on the team woke up ready to play today not one. I wonder whose fault that might be. The leader of the team and guy assigning optional practice and skate everyday comes to mind
English
Worst game I have seen Kucherov have quite possibly all season. No idea what’s going on there but not great man.
English
@researchne89461 @AskeladdenTX Announced the earnings release two days before it, not doing a conference call. Smells like someone is trying to jam it through
English
@researchne89461 @AskeladdenTX Good write up, agree with all points. I’d add the dsgr team page. Count how many lkcm employees there are. This is just a very intertwined group and I don’t know how this could possibly get cancelled
English
$DSGR plunged from ~$30 to <$20 post-Q4. Today, majority owner LKCM proposes buyout at $29.50.
So who’s right? Short-term-obsessed public mkts, or PE shop with decades of experience in distribution willing to pay 50% premium? Feel like this is the story of small-caps today...
English
Successful refinancing could lift FCF by ~50% in a biz w/ thousands of franchise locations.
Immediate risk is already off the table following an emergency refi.
The board has been refreshed, with a new CEO and chairman, and activists are leading a full-scale turnaround.
English
Wtf, I'm surprised $CAAP is not up more on this. Everyone knows they own Baghdad airport rights too right...
English
@310Value @Spencer_Invest Feel free to disagree, I’m not involved but hard to argue it without thesis creep
English
@310Value @Spencer_Invest No question of why he is held to a higher standard is just delusional honestly. No reason to trust the guy
English
Friends: Below is a brief article on $gfl's acquisition of $ses.to. It also has implications for $lb and $wbi.
open.substack.com/pub/310value/p…
English
Will $FTHM be the next acquisition or partnership for $BBBY?
Theoretical current combined revenue run rate of the $TBHC, $TCS & F9 acquisitions seems like it should be comfortably north of $1b.
Lemonis is building a monster.
FearMunger@fear_munger
No mention yet of any partnership between $BBBY & $FTHM, but hard to imagine this loan isn’t a precursor to something more. That business fits perfectly into the middle pillar Lemonis talked about previously.
English
@ContrarianCurse This is a $bln.to long thesis not an $axon long thesis
English
$AXON works here despite Val. Has all my hallmarks I think are important to software to be durable against AI
-regulatory complexity
-liability layer
-sleepy/shitty/unsophisticated end market
-huge value delivery / procedural efficiency
-hardware bundling and tie in
-prop data and integrations for every setting
There ain’t NO ONE vibe coding this shit. I got stopped out at 520, added back today
English
$5.8 million revenue
$1.5 million EBITDA
95%+ Residential
1) What do think private equity will pay for this residential HVAC company?
2) What do you think the seller expects to receive for his residential HVAC company?
English
@LinksGems Any word on cassique? Have heard it’s in horrible shape, going there in a month and have had a hard time confirming
English
@profr33dom @NickLibert Have you seen the chart? Why would anyone own this
English
Well $FTHM may be getting a loan from the $BBBY guy because he wants to buy a real estate brokerage but WOW they are losing agents (and producing agents) maybe he’s banking on getting this SUPER cheap since they are so close to that NASDAQ delisting notice 😬 here’s the YTD numbers for Chicagoland:
English
@profr33dom @NickLibert Main fear of this bbby thing is an already idiotic shareholder base (myself included) for fthm somehow gets more dumb
English
@_lf29 @NickLibert Exactly, just a small data set he presented for that one market. Will see if he responds. I doubt it because I saw he also posted the FUD on stocktwits. Seems like more of an agenda then truth to me.
English
@profr33dom @NickLibert This was my thought, can’t think of what could have so severely switched since 3q25. Wondering if it’s localized to just this one market that fthm is pulling out of or something specific there
English
@NickLibert $BBBY $FTHM
Then how do you explain this...
d1io3yog0oux5.cloudfront.net/_cbf0f9bfb34c2…
English
@fakecashcapital $qrhc is up on a purchase from the board chair. Looks like the amount he bought (~$7.5k) covers almost one month of property taxes of the $12m home the filing is registered at. Bold move!
English
Pretty bad Q'4 results, any stability from $DE didn't seem to help $QRHC out. Called out lower volumes from "large industrial customers".
At this point Q'1 is almost over, commentary for the quarter should give some clarity for better or for worse.
Monopoly Money@fakecashcapital
$DE call is tempting me on $QRHC. If DSOs improve further and Deere volumes become a tailwind at mature gross margins while management focus on debt reduction, the balance sheet could clean up pretty quickly.
English
@roojoo3 @researchne89461 @thewritser I get your point on the minority investor but what can they actually do? Most merger arb groups in this will gladly help push the deal over given the spread. And dsgr won’t have an ER prior to an agmt being signed so not sure how that would work on timing, but agree w the point
English
@_lf29 @researchne89461 @thewritser Minority shareholder speaks out about not wanting to be taken advantage of. No deal. DSGR continues to underperform and no one trusts LKCM anymore so it will always trade at a discount.
English
@roojoo3 @researchne89461 @thewritser Playing devils advocate, what do you think could go poorly here? I’m not sure I see the short case but happy to be proven wrong
English
aka bagholder.
Yes, spread is large. LKCM knows the business because they manage DSGR. So no way they change their mind during DD.
No large shareholders who will stand up for minority shareholders here, so I only expect a minor deal bump just to make us all feel like we're not being totally abused.
English
@AskeladdenTX Seems like public markets don’t think lkcm is willing to pay $29.5 today. Curious for your thoughts here on just this deal, I know you’ve been looking at this one for a while. Small crowd on this stock
English
@_lf29 I understand why it might look that way. I personally think they're honorable / ethical. I don't think that's what happened. My point was more broadly that the public markets are killing companies for no real reason, but thoughtful/smart buyers offering very different prices
English